Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, trends and opportunities.
Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.
Latin Re obtains license to operate directly at Lloyd’s
21st August 2023
Latin Re, an independent brokerage founded in 2019, becomes the first Brazilian broker to obtain a license to operate directly at the specialist Lloyd's insurance and reinsurance marketplace. Operating directly at Lloyd's allows Latin Re to sell reinsurance risks from across Latin America directly to London underwriters. This market opening brings ... Read the full article
Capital still very guarded about entering property cat space: Inver Re’s Bonard
18th August 2023
Although small capital raises are happening in the reinsurance market, providers remain guarded about putting funds to work in the property catastrophe space, suggesting there’s more pain to come, according to Chris Bonard, CEO of Ardonagh’s Bermuda business operations including Inver Re. “The situation is getting worse, and could have a ... Read the full article
We’re pretty upbeat about the Bermuda market: Inver Re’s Chris Bonard
11th August 2023
Reinsurance broker Inver Re continues to grow its team in Bermuda, adding expertise in numerous areas as it looks to expand alongside its unwavering commitment to have best in class data and analytics, leading Chris Bonard, CEO of Bermuda, to be pretty bullish about life on the island. In May 2021, ... Read the full article
Arthur J. Gallagher acquires Wigmore Insurance Agency
8th August 2023
Global insurance brokerage firm, Arthur J. Gallagher has acquired Costa Mesa, California-based Wigmore Insurance Agency, Inc. The terms of the transaction were not disclosed. Wigmore is retail insurance broker that provides a broad selection of commercial and personal insurance services to clients throughout Southern California. The company is headed by ... Read the full article
Tysers unveils global entertainment industry division
28th July 2023
Tysers, an independent Lloyd's broker, and member of the AUB Group, is launching a new global division dedicated to serving the needs of the global entertainment industry. The new initiative -Tysers Live, sees offerings in Music, Theatre, Live Events, Media & Film and Advertising & Commercials combine under one brand ... Read the full article
Arthur J. Gallagher acquires Hagan Insurance Group
25th July 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Established more than three decades ago, Hagan Insurance Group has been providing insurance member benefits and financial management to ... Read the full article
Reinsurance broker Augment launches backed with up to $100m from Altamont
14th July 2023
Reinsurance broker Augment has announced its official launch, backed with up to $100 million in funding from private equity firm Altamont Capital Partners. Amidst the emergence of ever more complex risks, macroeconomic volatility, and an evolving regulatory landscape, Augment believes that a one-size-fits-all approach is no longer sufficient. With global reach and ... Read the full article
WTW names Mascaro Hospitality Segment Leader within CRB, North America
14th July 2023
Broking firm WTW has hired Sompo International's Juan Mascaro as Hospitality Segment leader a part of the Real Estate, Hospitality, and Leisure Division within its Corporate Risk and Broking (CRB), North America. Mascaro brings more than 20 years of experience towards his new role. He has a diverse background that spans ... Read the full article
Goldman Sachs still expects double-digit premium growth in reinsurance brokerage
14th July 2023
Analysts at Goldman Sachs still expected reinsurance broking businesses to report double-digit premium growth in the second quarter of 2023, as well as strong results in retail property and casualty (P&C) globally. In a recent report, analysts discuss pricing and exposure growth for insurance and reinsurance brokers in the Americas. As well ... Read the full article
WTW expands North America ICT business with two senior hires
13th July 2023
Broking and solutions firm WTW has appointed two senior directors, Maryellen Allegretti and Patrick Anderson-Higgins, within the firm's Insurance Consulting and Technology (ICT) operation in North America. Both appointments further bolster ICT's expertise, technical knowledge, and presence as it strengthens its position as an industry leader in the Personal and Commercial ... Read the full article
WTW unveils Asia’s first 4-peril parametric insurance offering
12th July 2023
WTW, a global advisory and broking company has launched Asia’s first 4-peril parametric insurance to protect Sri Lanka’s shrimp farms against weather risks, marking a major turning point in Asia’s aquaculture development. According to the firm, the solution was designed and placed for Taprobane Seafood Group - Sri Lanka’s largest seafood ... Read the full article
BFL Canada to license CyberCube’s Broking Manger product to help clients make better decisions
11th July 2023
Leading cyber analytics firm CyberCube has announced that BFL Canada - one of the largest risk management, insurance brokerage and benefits consulting firms in Canada - will license its Broking Manager product to help clients make better informed cyber insurance coverage and limit decisions. BFL Canada will utilize Broking Manager to ... Read the full article
Howden CAP forms partnership with Pernix, employing the efficiency of Structured Credit APIs
7th July 2023
Insurance broker Howden has announced that Pernix Specialty Limited has joined Howden CAP as its latest API (Application Programming Interfaces) partner. This partnership heavily reflects both Howden CAP and Pernix’s commitment to use digital platforms to improve efficiency in the marketplace, as well as provide enhanced solutions for clients and lead ... Read the full article
WTW appoints Plotnek to lead its merged Private Assets & Capital Management team
5th July 2023
WTW, a global advisory and broking firm has appointed Anthony Plotnek to lead its recently combined Private Assets and Capital Management (PACM) team within its Insurance Consulting and Technology (ICT) business. Within the role, Plotnek will be based in London, where he will report to Marcus Bowser, Managing Director, UK and ... Read the full article
Inver Re CEO Steve Hearn to depart company
4th July 2023
Steve Hearn, the CEO of Inver Re, the Ardonagh Group's dedicated reinsurance broking unit, is set to depart the company and Group later this summer, we've learned. Hearn took on the Global CEO role at Inver Re in 2021, after Ardonagh acquired BGC Partners' insurance broking portfolio of businesses. Hearn ... Read the full article
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